Wednesday, October 8, 2025

Peer Countries Are Tightening Regulations On Crypto ATMs To Fight Fraud, So Why Isn't Canada?

⁘He was so overwhelmed by being on the phone for several hours with this fraudster who had coached him basically right to the brink of putting that money into the machine,⁘ said Aceti, who works for Niagara Regional Police. Aceti's work is among the few steps CBC News found Canadian authorities taking to tackle this problem during the investigation for this series, Feeding Fraud: The Crypto ATM Problem.

Other police services like the RCMP and Ontario Provincial Police (OPP) have also put up warning posters.
But when it comes to oversight, there are no regulations specifically designed for this industry, which has seen more than $1 billion in transactions across the country so far this year. You might also find this interesting: Visit website

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